{"id":2754,"date":"2017-10-12T10:10:26","date_gmt":"2017-10-12T17:10:26","guid":{"rendered":""},"modified":"2023-07-19T11:07:30","modified_gmt":"2023-07-19T18:07:30","slug":"finastra-delivers-next-generation-payments-technology-on-microsoft-azure","status":"publish","type":"post","link":"https:\/\/www.microsoft.com\/en-us\/industry\/blog\/financial-services\/2017\/10\/12\/finastra-delivers-next-generation-payments-technology-on-microsoft-azure\/","title":{"rendered":"Finastra delivers next-generation payments technology on Microsoft Azure"},"content":{"rendered":"

Finastra<\/a> has announced it is bringing its next-generation payments solutions to the cloud via Microsoft Azure. The move enables Finastra to deploy value-added services to clients more efficiently. Banks will benefit from streamlined onboarding, as well as faster access to new products and upgrades.<\/p>\n

This alliance is an extension of Finastra\u2019s cloud-based lending oversight solution that was previously launched on Azure in the US and Canadian markets in 2016. Since then, Finastra has broadened its relationship with Microsoft and is migrating its payments capabilities to Azure.<\/p>\n

\u201cThis collaboration allows us to change how we deliver software to our customers and partners in a fundamental way,\u201d said Nadeem Syed, CEO, Finastra. \u201cIt will enable us to bring new products to market faster and more frequently, with stability and with the highest levels of data security for which Microsoft is known. It also allows us to take a significant step forward in the creation of a platform for innovation and collaboration in financial services.\u201d<\/p>\n

The strategic move to work with Microsoft Azure enables Finastra to optimize existing business processes and functions, while expediting development with stability and sophistication. In today\u2019s ever-changing business landscape, banks are seeking innovative solutions that evolve with their needs while also fulfilling the ability to scale at a lower overall cost. The migration of payments solutions to Azure will accelerate Finastra\u2019s ability to easily and effectively deploy value-added services onto its platforms and continue to meet customer demands.<\/p>\n

Commenting on the development, Gareth Lodge, Senior Analyst at Celent, said, \u201cGenerally in the market both payment hubs and cloud have come of age \u2013 and this announcement will mean even greater benefits, with the two coming together here. Modern technology, running on modern architecture, gives not only means for greater performance at much lower running costs, but also the potential for new business models altogether, for all involved.\u201d<\/p>\n

Janet Lewis, Vice President of Worldwide Financial Services at Microsoft, said, \u201cIt is inspiring to work with leaders like Finastra who are helping to benefit our mutual customers in the financial services industry. By using the Microsoft Azure cloud platform, Finastra will optimize its payments solutions and ultimately better serve its customers \u2013 all while ensuring its specific security, privacy and compliance needs are met.\u201d<\/p>\n

Read the press release<\/a><\/p>\n

\n

Read more on the Microsoft Banking & Capital Markets<\/a> and Insurance<\/a> blogs<\/p>\n","protected":false},"excerpt":{"rendered":"

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